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Salt Company plans to depreciate a new building using the double declining-balance depreciation method. The building cost is $1,600,000. The estimated residual value of the

Salt Company plans to depreciate a new building using the double declining-balance depreciation method. The building cost is $1,600,000. The estimated residual value of the building is $100,000 and it has an expected useful life of 25 years.

What is the building's book value at the end of the first year?

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